The UK housing market

MSS · 1st December 2021, 20:35

I fear that you fellow peasants are failing to appreciate the direction of travel insofar that the housing market and property ownership is concerned.

At the moment, roughly 5% of the UK population are in the £1m asset/savings category and about 2% in the super-rich category. These 2% derive vast incomes from their multi-million assets. I see us moving towards 100-year mortgages (as in Japan) where a person hands down his home and associated mortgage at death.

Beyond that, ultimately, I see that all property will be owned by the top 2%, thus securing relatively high and stable long-term returns whereas we peasants (the masses) will be long-term tenants. Welcome back Victorian demographics.

Rees-Mogg dresses as he does knowing our and his destiny!

1st December 2021, 20:35	#28
MSS This is my second home Rover 75CDT, Jaguar XF-S 3.0V6, V'xhall Omega V6 Estate, Twintop 1.8VVT, Astra Estate and Corsa 1.2 Join Date: Dec 2007 Location: Suffolk Posts: 7,085 Thanks: 283 Thanked 624 Times in 440 Posts	I fear that you fellow peasants are failing to appreciate the direction of travel insofar that the housing market and property ownership is concerned. At the moment, roughly 5% of the UK population are in the £1m asset/savings category and about 2% in the super-rich category. These 2% derive vast incomes from their multi-million assets. I see us moving towards 100-year mortgages (as in Japan) where a person hands down his home and associated mortgage at death. Beyond that, ultimately, I see that all property will be owned by the top 2%, thus securing relatively high and stable long-term returns whereas we peasants (the masses) will be long-term tenants. Welcome back Victorian demographics. Rees-Mogg dresses as he does knowing our and his destiny!